The Inflation Genie Is Out of the Bottle: JPM's Michele

The transcript discusses the historical and current challenges of managing inflation, highlighting the shift from disinflation to inflation concerns. It examines the reluctance of central banks to take aggressive measures due to fears of recession, contrasting this with past strategies like those of Paul Volcker. The discussion also touches on the dependency of central banks on financial conditions indicators and the lack of appetite for significant rate hikes in today's economic climate.

What comparison does the speaker make between the current situation and when Volcker was running the Fed?

What does the speaker imply about the relationship between financial conditions indicators and central banks' actions?